When considering CPI, a lower figure is preferred when buying assets such as gold, EUR, EURUSD, Cable, and indices. The weaker the CPI, the better it is for risk assets, especially those associated with hedging against the dollar. For instance, if there is a year-on-year 4.7% inflation and a month-on-month 0.2%, it would be ideal to buy indices and sell dollars...
AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
Gold had broken a weak low @2008.50. considering the htf order flow as bearish (price had been rejected on htf), this signals a change in character and hence can wait for pullback at a premium supply zone and short this commodity
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
I am closely monitoring gold's movements and have a plan in place for both scenarios. If gold breaks the uptrend channel, you anticipate a fall to 1950, where you plan to look for buying opportunities. Alternatively, if gold breaks the decline trend line, you anticipate an acceleration to 2050 and plan to enter on pullbacks to find buying opportunities. Gold...
I believe that gold prices may experience a slight increase as the US dollar is expected to gain support and potentially strengthen. However, based on my analysis of market confluences, I will be looking for a potential selling opportunity within the area of interest between 1995.63 - 1996.52. If these confluences align as expected, I anticipate a favorable market...
If gold breaks below the uptrend channel, I anticipate a further drop in its value. However, I have identified two specific areas where multiple factors converge, and I will keep an eye on them for potential buying opportunities. There are several factors that can cause the price of gold to rise: Supply and demand: Like any other commodity, the price of gold is...
My prediction is that gold will experience a pullback before resuming an upward trend and reaching a new all-time high within the next few months. I am currently waiting for the price to reach a specific area of interest before actively seeking out potential buying opportunities.
Depending on how the situation develops, there may be two potential outcomes that could present buying opportunities. Area of interest 2025-2027.5 2000- 2003.6
The price of gold is currently positioned at the upper end of a channel and appears poised to decline. I am particularly interested in the timeframe spanning from 2001 to 2006, during which I will be on the lookout for potential buying opportunities. On a weekly timeframe, it is expected that there will be a pullback before the price eventually moves towards 2070.
There are multiple instances where a purchasing opportunity can be identified around the range of 1981.94 - 1985. As per my earlier analysis, I had forecasted that the market would respond at this price level.
I am keeping an eye out for a potential buying opportunity in the gold market once it reaches the range of 1977.877 to 1988.479, as I have identified several confluences that support this decision.
Gold has managed to surge its way to US$2,020/oz, taking full advantage of the renewed weakness in the dollar price and treasury yields. Recent data from the US showed a slowdown in the services sector growth, fewer private company job additions than expected in March, and a fall in factory orders for the second consecutive month. This suggests that the economy...
Gold will be hitting the ATH within next few weeks
1 Hour Timeframe False breakout gold should start moving bullish once it breaks out Gold should hit old ATH within next few months
Gold looks good to start going up US dollar is starting to move down
Hello traders, GOLD is setting up for a short term downside move watch GOLD with your own according strategy and look for a short position opportunity for a short term trade setup. GOOD LUCK & GOOD TRADING
Looking at XAUUSD, we can see price bounced off 61.8% fib and is set to fall Traders, we should also acknowledge its correlation with SILVER or XAGUSD which is already falling like a hot meteorite